Assume Federal Income Tax will be withheld at a rate of 20% for everyone.
FICA Social Security rate is 6.2% and Medicare is 1.45%.
When you called your State, they told you that your State Unemployment tax rate would be 5.4%.
Recall that the Federal Unemployment rate is the same for all businesses, 0.6%.
Assume that no employee has reached the wage limits for FUTA, SUTA or Social Security.

Employee Name		Hours worked	Hourly rate	Gross Pay	Federal Withholding	Social Security	Medicare	Net
John Doe		40	$15.00	$ 600.00	$ 120.00	$ 37.20	$ 8.70	$ 434.10
Jane Jones		40	$15.00	$ 600.00	$ 120.00	$ 37.20	$ 8.70	$ 434.10
Jessie Smith		40	$17.00	$ 680.00	$ 136.00	$ 42.16	$ 9.86	$ 491.98
Erik Ackers		25	$17.00	$ 425.00	$ 85.00	$ 26.35	$ 6.16	$ 307.49
Nan Schmit		30	$18.00	$ 540.00	$ 108.00	$ 33.48	$ 7.83	$ 390.69
Larry Johnson		35	$20.00	$ 700.00	$ 140.00	$ 43.40	$ 10.15	$ 506.45
Christopher Hay		40	$25.00	$ 1,000.00	$ 200.00	$ 62.00	$ 14.50	$ 723.50
Totals				$ 4,545.00	$ 909.00	$ 281.79	$ 65.90	$ 3,288.31

Required: Enter the journal entries from the transactions found on the Transaction worksheet
Journal Entries
Date	Account Title	Debit	Credit